The global plastics, rubber, wood
and textile manufacturing market, a part of the plastics, rubber, wood and
textile manufacturing industry, grew at a compound annual growth rate (CAGR) of
around 6% during the historic period. The plastics, rubber, wood and textile
manufacturing industry showed a steady growth. The growth is mainly due to the
increasing gastro intestinal diseases caused by unhealthy lifestyle habits such
as lack of physical activity, poor diet and others.
In the forecast period, the global
plastics, rubber, wood and textile manufacturing market size is expected to be over
$10 trillion by 2021, growing at a CAGR of nearly 5%. The plastics
manufacturing industry relies on the packaging sector. There are a number of
new developments in packaging that will drive up demand. Convenience features,
such as resalable packs, easy-opening, stand-up pouches and smaller pack sizes
for single-servings are being introduced and more promotional packs and brand
extensions are being developed to maintain customer loyalty. These developments
in packaging will increase the consumption of plastics and will drive its
market. Furthermore, rising population, increase in dispensable income, and increasing
per capita incomes are expected to drive the global plastics, rubber, wood and
textile manufacturing market in the future.
Find TBRC’s report on the Plastics, Rubber, Wood And Textile
Manufacturing market: https://www.thebusinessresearchcompany.com/report/paper-plastics-rubber-wood-and-textile-manufacturing-global-market-report-2018
The practice of using 3D printing
in plastics manufacturing is becoming more common. 3D technology allows
manufacturers to create a complete self-supporting object. This technology
enables manufactures to produce complex objects that are light and reliable.
Greater flexibility and customization are the other major advantages of 3D
printing technology. Major companies in the plastics, rubber, wood and textile
manufacturing market, offering 3D technology include Michelin Inc., NIKE, IKEA,
H&M and Bridgestone.
Download a sample
report: https://www.thebusinessresearchcompany.com/sample.aspx?id=338&type=smp
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